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Australian (ASX) Healthtech Industry Analysis

UpdatedSep 24, 2023
DataAggregated Company Financials
Companies21
  • 7D-2.4%
  • 3M7.4%
  • 1Y32.7%
  • YTD26.8%

Over the last 7 days, the Healthtech industry has dropped 2.4%, driven by Pro Medicus declining 2.3%. Meanwhile, PainChek actually outperformed within the industry, gaining 31% in the last week. Over the past 12 months, the industry was up 33%. Earnings are forecast to grow by 25% annually.

Industry Valuation and Performance

Has the Australian Healthtech Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 24 Sep 2023AU$9.1bAU$527.5m-AU$112,598,605.0085.2x-81.2x17.3x
Tue, 22 Aug 2023AU$9.1bAU$523.9m-AU$145,379,071.0083.8x-62.5x17.4x
Thu, 20 Jul 2023AU$8.6bAU$499.4m-AU$153,148,955.0092.7x-56.4x17.3x
Sat, 17 Jun 2023AU$8.9bAU$495.9m-AU$151,305,208.00101.7x-58.8x17.9x
Mon, 15 May 2023AU$8.0bAU$495.0m-AU$145,744,561.0090.2x-54.9x16.1x
Wed, 12 Apr 2023AU$8.2bAU$494.9m-AU$145,766,779.0089.5x-56.3x16.6x
Fri, 10 Mar 2023AU$8.0bAU$492.5m-AU$143,589,502.0088.6x-55.5x16.2x
Sun, 05 Feb 2023AU$8.9bAU$440.1m-AU$154,415,624.0096.5x-57.3x20.1x
Tue, 03 Jan 2023AU$7.3bAU$442.7m-AU$155,316,575.0080.3x-47.2x16.6x
Thu, 01 Dec 2022AU$7.8bAU$444.1m-AU$155,251,236.0084.9x-50.4x17.6x
Sat, 29 Oct 2022AU$7.2bAU$441.0m-AU$157,366,204.0077x-45.8x16.3x
Mon, 26 Sep 2022AU$6.9bAU$436.0m-AU$153,945,004.0072.2x-44.7x15.8x
Wed, 24 Aug 2022AU$7.1bAU$401.4m-AU$127,078,639.0072.1x-55.9x17.7x
Fri, 22 Jul 2022AU$6.9bAU$385.2m-AU$130,441,677.0081.2x-52.8x17.9x
Sun, 19 Jun 2022AU$5.3bAU$386.2m-AU$131,486,928.0061.7x-40.2x13.7x
Tue, 17 May 2022AU$6.0bAU$383.0m-AU$132,090,640.0067.3x-45.7x15.8x
Thu, 14 Apr 2022AU$7.0bAU$377.7m-AU$133,532,370.0080.5x-52.1x18.4x
Sat, 12 Mar 2022AU$6.3bAU$380.6m-AU$134,508,830.0071x-46.9x16.6x
Mon, 07 Feb 2022AU$7.0bAU$302.3m-AU$138,479,431.0097.2x-50.5x23.1x
Wed, 05 Jan 2022AU$9.2bAU$300.5m-AU$137,401,208.00137.1x-67.2x30.7x
Fri, 03 Dec 2021AU$8.4bAU$301.1m-AU$137,605,374.00120.7x-60.9x27.8x
Sun, 31 Oct 2021AU$8.3bAU$295.0m-AU$132,895,700.00119.6x-62.4x28.1x
Tue, 28 Sep 2021AU$8.8bAU$299.1m-AU$134,807,343.00126.7x-65.6x29.6x
Thu, 26 Aug 2021AU$9.3bAU$293.3m-AU$131,340,378.97128.9x-70.8x31.7x
Fri, 02 Jul 2021AU$8.7bAU$293.3m-AU$131,340,378.97115.8x-66.3x29.7x
Mon, 05 Apr 2021AU$6.9bAU$263.5m-AU$137,977,124.7599.3x-50.2x26.3x
Thu, 07 Jan 2021AU$6.1bAU$239.5m-AU$143,813,266.05146.5x-42.8x25.7x
Wed, 30 Sep 2020AU$4.6bAU$208.3m-AU$94,800,339.82118.4x-48.5x22.1x
Price to Earnings Ratio

-48.5x


Total Market Cap: AU$4.6bTotal Earnings: -AU$94,800,339.82Total Revenue: AU$208.3mTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Healthtech Industry Price to Earnings3Y Average -54.7x202120222023
Current Industry PE
  • Investors are pessimistic on the Australian Health Care Technology industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The 3-year average PS ratio of 22.0x is higher than the industry's current PS ratio of 17.3x.
Past Earnings Growth
  • The earnings for companies in the Health Care Technology industry have deteriorated over the last three years.
  • Meanwhile revenues for these companies have grown 36% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has caused losses to expand.

Industry Comparison

How does Australian Healthtech compare with similar industries?

AU Market-2.73%
Healthcare-4.31%
Healthtech-2.41%
Healthtech-2.41%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
PCK PainChekAU$0.04231.3%
+AU$17.4m
35.5%PS30.1x
ONE Oneview HealthcareAU$0.2311.9%
+AU$16.6m
135.0%PS10.1x
JTL Jayex TechnologyAU$0.00912.5%
+AU$281.3k
12.5%PS0.6x
ICR Intelicare HoldingsAU$0.0147.7%
+AU$210.6k
-68.2%PS7.2x
SHG Singular Health GroupAU$0.0392.6%
+AU$141.3k
-67.5%PS5.2x
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Latest News

M7T

AU$0.71

Mach7 Technologies

7D

-2.7%

1Y

26.5%

PCK

AU$0.042

PainChek

7D

31.3%

1Y

35.5%

AHI

AU$0.16

Advanced Health Intelligence

7D

-17.9%

1Y

14.3%

ONE

AU$0.23

Oneview Healthcare

7D

11.9%

1Y

135.0%

JTL

AU$0.009

Jayex Technology

7D

12.5%

1Y

12.5%

4DX

AU$0.53

4DMedical

7D

-20.9%

1Y

-10.2%

SHG

AU$0.039

Singular Health Group

7D

2.6%

1Y

-67.5%

ICR

AU$0.014

Intelicare Holdings

7D

7.7%

1Y

-68.2%

AYA

AU$0.23

Artrya

7D

-11.5%

1Y

-64.6%

TD1

AU$0.001

TALi Digital

7D

-33.3%

1Y

-75.0%

PME

AU$71.67

Pro Medicus

7D

-2.3%

1Y

37.0%

VHT

AU$0.70

Volpara Health Technologies

7D

-6.7%

1Y

45.8%

CGS

AU$1.51

Cogstate

7D

-1.6%

1Y

5.6%